PayPal Casino Guide
As one of the very first e-wallets, it didn’t take long for PayPal’s popularity to skyrocket after its launch in 1998. In addition to being a favourite deposit method at online casinos, is became the preferred way paying for things on eBay. This led to eBay purchasing PayPal, which also led to the 2003 decision to no longer allow people to use PayPal to fund their online casino accounts.
For many years, PayPal refused to work with online casinos. But popular demand won out, and in 2010 PayPal made the decision to once again allow payments to online gambling sites for players in countries where online gaming is explicitly legal. With online gambling legal in the United Kingdom, PayPal payments soon returned to UK online casinos.
Creating a PayPal Account
If you don’t already have a PayPal account, it is incredibly quick and easy to get one. After signing up, you need to link a debit card, credit card, or bank account to your PayPal account so you can use it to fund your PayPal account. That’s all you need to do, and once you top up your PayPal account, you only need your email address in order to make casino deposits.
If you decide to take a little extra time and get your account verified, you will benefit from much higher transaction limits, making it even easier to deposit and withdraw money from your casino account. A second advantage of verifying your account is that you can now fund your account with a debit or credit card for free, while the charge to do so on unverified accounts is around 2% of the
Using PayPal at Online Casinos
UK online casinos which accept PayPal do not charge for deposits or withdrawals, and the only piece of information they need in order to make a deposit is the email address of your PayPal account. This makes PayPal one of the fastest, and definitely the easiest way to make a casino deposit.
It is important to note that if you make a deposit through your PayPal account, you will need to withdraw money back to your PayPal account; you can’t withdraw it through other means. Considering that literally millions of online merchants accept PayPal, including eBay, you shouldn’t have a problem using the funds to buy something online. Or, you could simply send the money to your bank account for a small fee.
One last word of warning: be sure to only make transactions in the currency that your PayPal account is in. So if you have a PayPal account in Pounds Sterling, make sure your casino account and linked account are also in Pounds. This way you can avoid expensive currency exchange fees.
Every now and then the news reports about PayPal scams and security breaches which target PayPal users in an effort to hack their accounts and gain access to their money. However, these are usually isolated incidents and PayPal works quickly and fairly to fill the breach and repair any problems. Their position as the number one e-wallet makes them the number one target for scammers, but has also made them number one as far as security goes. In order to keep yourself protected, you should follow a few basic security guidelines. Use a secure and trusted email address for your PayPal account, and make sure that you use a unique password for PayPal, something you don’t use anywhere else.
Also be sure that your browser and anti-virus software are up to date. For an extra layer of protection, you can enable the use of a PayPal security key, which requires double-confirmation to access your account, greatly increasing security.